3.26

This article is not intended to indicate or recommend buying or selling timing.

Please make your own investment decisions.

In yesterday's article

we wrote about such matters.

Although half doubtful, it moved as expected, a self-driven rebound in the Tokyo market.

The Nikkei index recovered to 28,900 yen as of 3:00 a.m.

Looking back at the various markets, the Tokyo market saw short-term selling and then buying back, displaying a pattern of self-driven rebound; the bearish trend that had dominated Asia in recent days also paused for a moment, and the Oceania currencies rose during the day.

Additionally, since it was a significant Goto day, the yen was sold broadly, which pushed the cross-yen pairs higher, and the USD/JPY recovered to the 109 level.

The European market continues to have worsening sentiment due to the spread of infections, and there has been a consistent pattern of selling stocks and buying back bonds up until the London fix.

After passing the London fix, U.S. stocks saw buybacks and the Dow Jones rose.

However, tech stocks were being sold, and it appears there is a shift from growth to value.

In today’s article, we will focus on Euro/dollar and dollar/yen as we proceed with the analysis.